Financial Reform

Eliminate Income Tax and IRS for Federal Sales Tax

Multiple benefits can result by the change from income tax to a federal sales tax. First, labor savings by the reduction or elimination of the IRS. Second, a sales tax will essentially tax the black market. Even drug dealers buy things. Third, apply this tax to all internet sales. We could even go so far as to eliminate cash for all credit transactions. Imagine the savings by not having to print bills or coins or worrying about counterfeiting.

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Idea No. 4704